financetom
Business
financetom
/
Business
/
Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
May 14, 2024 6:30 AM

09:07 AM EDT, 05/14/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) advancing by 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) down 0.5% recently.

Alibaba Group Holding ( BABA ) fell by nearly 5% after it reported fiscal Q4 adjusted earnings of 10.14 renminbi ($1.40) per diluted American depositary share, down from 10.71 renminbi a year earlier.

On Holding ( ONON ) rose past 16% after it reported higher Q1 adjusted earnings and net sales.

Sea (SE) advanced by over 5% after it reported a Q1 revenue of $3.73 billion, compared with $3.04 billion a year earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mastercard landmark deal challenged in test for UK class action funding
Mastercard landmark deal challenged in test for UK class action funding
Feb 19, 2025
LONDON, Feb 19 (Reuters) - Mastercard's ( MA ) agreement to settle a landmark lawsuit brought on behalf of British consumers drew criticism on Wednesday, in a dispute that could deter funders from involvement in Britain's burgeoning class action sector. The global payments processor in December announced an agreement to settle long-running litigation over card fees for 200 million pounds,...
Mercurity Fintech Holding Forms Subsidiary in Hong Kong to Manufacture AI Cooling Panels
Mercurity Fintech Holding Forms Subsidiary in Hong Kong to Manufacture AI Cooling Panels
Feb 19, 2025
08:27 AM EST, 02/19/2025 (MT Newswires) -- Mercurity Fintech Holding ( MFH ) said Wednesday it formed a majority-owned subsidiary in Hong Kong, Aifinity Base Limited. The company said Aifinity plans to manufacture advanced liquid cooling panels designed for artificial intelligence infrastructure and high-performance computing. The panels will specifically enhance the efficiency and performance of Nvidia ( NVDA ) chip-powered...
Manchester United Swings to Fiscal Q2 Loss, Reports Lower Revenue; Reiterates Fiscal 2025 Revenue Guidance
Manchester United Swings to Fiscal Q2 Loss, Reports Lower Revenue; Reiterates Fiscal 2025 Revenue Guidance
Feb 19, 2025
08:27 AM EST, 02/19/2025 (MT Newswires) -- Manchester United ( MANU ) reported Wednesday its fiscal Q2 swung to an adjusted loss of 0.4 British pounds ($0.46) per share compared with adjusted earnings of 0.2 pounds per share a year earlier. Two analysts polled by FactSet expected a loss of 0.22 pounds per share. Revenue for the quarter ended Dec....
Novo Nordisk Seeking $830 Million From Singapore Firm Over Alleged Fraud
Novo Nordisk Seeking $830 Million From Singapore Firm Over Alleged Fraud
Feb 19, 2025
08:29 AM EST, 02/19/2025 (MT Newswires) -- Novo Nordisk ( NVO ) is seeking up to $830 million in damages from KBP Biosciences, alleging the Singapore-based firm engaged in fraud during the 2023 sale of ocedurenone, a drug that supposedly treated hypertension, according to an Feb. 14 court document made public this week. A Singapore court has ordered all of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved